LDC sells Team17 shares after stock surges

Aidan Gregory

April 29, 2020 02:30 pm

City_of_London_2_PA_575_375 — (200415) -- LONDON, April 15, 2020 (Xinhua) -- Photo taken on April 14, 2020 shows the City of London, in London, Britain. Due to the impact of the novel coronavirus outbreak, Britain's gross domestic product (GDP) could fall 35 percent in the second quarter but will bounce back quickly, said the Office for Budget Responsibility (OBR) Tuesday. (Xinhua/Han Yan) | Han Yan/Xinhua News Agency/PA Images

Lloyds Development Capital, the private equity arm of Lloyds Bank, has sold a chunk of its stake in Yorkshire-based games developer Team17 after the stock hit an all-time high due to a huge increase in the volume of gamers during the Covid-19 pandemic.

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Aidan Gregory